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Dec 2, 2012
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this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in added revenue over a ten-year period. we are spending over a trillion dollars in debt every year and not putting anything into it. the republicans have been down the road before where they have been promised three for one, and it never happens. i think they are beginning to realize until it's actually on the table and signed off on by all sides they aren't going to buy into it. >> senator, did the president in this offer with so little in spending cuts and tax reform, the debt limit, did he overplay his hand or is he being rea
this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in...
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Dec 3, 2012
12/12
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this is a status quo election. the president had a great re-election. house republicans own the house and democrats the senate and they have to sit down and do negotiating and it isn't boehner versus geithner, it is basically can the house republicans buy a plan that basically they can sell to 218 members. and can the senate go along with that and if so will the president sign it and until they sit in a room and discuss all of those elements of it at this point in time you get people talking at each other with a lot of absurdity and the most absurd part, talking about $85 billion a year, in added revenue over a ten-year period. and we are spending over a trillion dollars in debt over year, and not even putting anything into it and republicans have been down the road before and they were promised 3-for-1, for every dollar in taxes, three cuts, it never happens and they are realizing, it is actually on the table, signed off on by all sides, they will not buy into it. >> chris: senator, did the president in the offer with so little in spending cuts and tax
this is a status quo election. the president had a great re-election. house republicans own the house and democrats the senate and they have to sit down and do negotiating and it isn't boehner versus geithner, it is basically can the house republicans buy a plan that basically they can sell to 218 members. and can the senate go along with that and if so will the president sign it and until they sit in a room and discuss all of those elements of it at this point in time you get people talking at...
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david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to spend more time debating and getting their policy initiatives together where republicans are more conservative in ideology. come out a little quicker. post-election years up five, down one for republicans since world war ii. i mean for democrats, excuse me. >> jeff hirsch, stock traders almanac, editor-in-chief. david: has commodity traders almanac. you have it all covered. >> thank you. liz: who is the most overpaid actor according to the forbes when looking at box-office returns versus the big bucks they're paid? is it brad pitt? is it eddie murphy or is it adam sandler? we have the answer co
david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to...
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Dec 3, 2012
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they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our
they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation....
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Dec 2, 2012
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he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next year. i think they will reach a deal next year. i don't think it's easy. but listen, this is all what politics is about. no one gets everything. you have a negotiation. that is what is going on now. negotiation. >> eric: when you say you think there are increaseded taxes or like increased revenues instead of the increased taxes like republicans want? >> here is what is at stake. economy is on the brink potentially of going to recession. that will have the worst impact on the deficit that anything will. we got to make su
he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next...
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Dec 5, 2012
12/12
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i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our deal gets carved out? >> well, when you start to hear some things from the senate leadership, then you'll know we're getting close to getting something done. and right now they're sending out minions and talking about things that i think are really, you know, staking out claims so they can say they've done that for their constituencies. but it's time right now for the moderates on both sides to step up. for those that are not necessarily at risk of losing elections in the near term to step up and say, listen, just like the leaders said earlier in the program. this is a math problem. it's really no
i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our...
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Dec 2, 2012
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you know we have seven weeks between election day and the end of the year. three of those weeks have been wasted with this nonsense. >> reporter: here is what has the speaker flabbergasted. the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and not guaranteed. but the treasury secretary says the administration's plan is fiscally responsible and would prevent taxes from going up on 98% of americans. >> we think that is a very good set of proposals. we think it's good for the economy. if they have different suggestions they want to go further in some areas, then they should lay odds with us. >> reporter: secretary geithner said he cannot promise we will not go over the fiscal cliff and whether or not we go over it depends -- is a decision, rather, that lay in the hands of republicans that don't want to increase tax ra
you know we have seven weeks between election day and the end of the year. three of those weeks have been wasted with this nonsense. >> reporter: here is what has the speaker flabbergasted. the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and...
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Dec 6, 2012
12/12
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a general election, yes. but he does have to face conservative threats in the primaries, not the best way. >> a cynical view of this -- >> sorry. it's holiday season but it's true. >> that's why we have you here. you call it like it is, my friend. that's all for us. thank you. we have to go. but i'll see you back leer tomorrow at noon eastern, 9:00 a.m. pacific joined by ben white, joan walsh, ben smith and msnbc's very own chris heys. until then, follow us on twitter -- wow, having a hard time with the teleprompter. "andrea mitchell reports" next. chris cillizza is filling in for her. good afternoon, mr. cillizza. >> i don't know what those words mean but assume they're compliments. >> $5 compliments. >> i'll take them. >> coming up next on "andrea mitchell reports," jim demint is out. the tea party leader announces his departure from congress. what does it mean for the senate and the future of the republican party? chuck todd, gop senator leader john barrasso and more. congressman john larson on what role h
a general election, yes. but he does have to face conservative threats in the primaries, not the best way. >> a cynical view of this -- >> sorry. it's holiday season but it's true. >> that's why we have you here. you call it like it is, my friend. that's all for us. thank you. we have to go. but i'll see you back leer tomorrow at noon eastern, 9:00 a.m. pacific joined by ben white, joan walsh, ben smith and msnbc's very own chris heys. until then, follow us on twitter -- wow,...
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Dec 3, 2012
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. >> is it fair to go to republicans, many of whom were re-elected just like the president was re-elected in their own districts and say, look, we're going to get specific when it comes to the tax increases we want, but we'll be vague when it comes to stuff that's hard for our side, which is medicare. >> that's a misperception. we propossessed $600 billion in savings. people can take a careful look at them. what we haven't seen from the republicans is a plan to raise rates and revenues. they said they are prepared to raise revenues. but they haven't said how, how much, or who should pay, and haven't proposed what they need on the spending side. we can't figure out what they need. they have to tell us. and then we have to look at it and see if it makes sense for the american people. >> when you look at the economy overall, growth at 2.7% last quarter. how does the economy get out of this slump? what is our economy doing well right now? what are we not doing as well as a country to deal with our economy? >> good question. the economy now is actually looking quite resilient. if you look at w
. >> is it fair to go to republicans, many of whom were re-elected just like the president was re-elected in their own districts and say, look, we're going to get specific when it comes to the tax increases we want, but we'll be vague when it comes to stuff that's hard for our side, which is medicare. >> that's a misperception. we propossessed $600 billion in savings. people can take a careful look at them. what we haven't seen from the republicans is a plan to raise rates and...
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Dec 6, 2012
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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Dec 9, 2012
12/12
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. >> reporter: speaker boehner's visit today with the president was only the second time since the election the two have meat face to face. pu publicly each have been waiting for the other to blinging m. >> to say they're go along with that and then we'll start negotiating on the other side. it makes no sense for us to negotiate against ourselves. >> reporter: as the cliff looms, one influential voice says enough is enough. >> that's like betting your country. that's something terribly bizarre and juvenile about that as to think your party comes ahead of your country. i don't go for that at all. >> reporter: now lester, aides do say the lines of community are open, but the president heads to the detroit tomorrow to continue on that campaign to get the republicans to cave on the tax breaks. >>> john harwood is cnbc's political correspondent, what where do they go from here? >> republicans ultimately are going to give ground on tax rates, raise them for some portion of wealthy americans, somewhere eastern a miaround a year. two strong bets are the increase in the medicare eligibility ages fro
. >> reporter: speaker boehner's visit today with the president was only the second time since the election the two have meat face to face. pu publicly each have been waiting for the other to blinging m. >> to say they're go along with that and then we'll start negotiating on the other side. it makes no sense for us to negotiate against ourselves. >> reporter: as the cliff looms, one influential voice says enough is enough. >> that's like betting your country. that's...
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Dec 8, 2012
12/12
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it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we have to face this cliff and the question is, can they really address these issues in the next 24 days with the president heading for vacation and congress about to go home? it doesn't feel good. >> no. in terms we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? a lot of americans without jobs and just the fear of going over the cliff is affecting it because it's affecting hiring. >> without a doubt. you wonder if it's affecting big business or small business. corporate ceos are simply sitting on their hands. you are seeing u.s. corporations with more money on their balance sheet than they had in years. the fact that they're facing more health care costs to pay out to their employees and they don't know what the tax climate is going to look for them. they're not growing their business and they're not creating innovation. it improves what they're do
it was the day after the election. we saw the dow drop 300 points and suddenly everyone woke up and said we have to face this cliff and the question is, can they really address these issues in the next 24 days with the president heading for vacation and congress about to go home? it doesn't feel good. >> no. in terms we're waiting to find out if we're going to go over the cliff, but we're already seeing the effects of it, aren't we? a lot of americans without jobs and just the fear of...
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Dec 7, 2012
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he is hereto elected nor has he ever run for office so why is washington so scared of him? >> it's also politically smart to cut the knees out from under grover norquist. this guy, who is he? >> one dangerous man, cut the knees out from under him? because he gave candidates an opportunity to sign a tax pledge. they signed it. >> two quick points. number one, a person who stands in the way of a victory by the left is a dangerous man by definition. number two, i love cokie roberts saying he's an unelected lobbyist. what is she? she is doing the exact same thing he is doing but she's doing from her perch at abc news. how dare she's pom puts, arrogant couragists say these people are unelected people. folks, so are you. >> good point. all right. let's go to pbs, paul crugman. he has the power grab to take away the constitutional authority from congress. they have the the ability to spend money. he wants to give the president a blank check. watch this. >> the president has also proposed something that john boehner calls silliness, or geithner did, which is taking the idea of debt
he is hereto elected nor has he ever run for office so why is washington so scared of him? >> it's also politically smart to cut the knees out from under grover norquist. this guy, who is he? >> one dangerous man, cut the knees out from under him? because he gave candidates an opportunity to sign a tax pledge. they signed it. >> two quick points. number one, a person who stands in the way of a victory by the left is a dangerous man by definition. number two, i love cokie...
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Dec 5, 2012
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the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are probably going to go up. does that hurt the market as well? >> we've seen a lot of companies sell themselves. it's been a problem in the banking industry because loans have been paid off. they want to grow loans. people are taking control and repaying their loans. i think it's already been anticipated. >> you've had a hot hand trading this market lately. what are you doing, especially bearing in mind we have a jobs number on friday. >> i'm a little concerned on the adp numbers. this is generally the weakest of the year. that's probably baked in a little bit. i think w
the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are...
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the president just won this historic re-election, how can he walk back now after he won re-election from this position? >> you know, i think that he's got the wind at his back. the american people want him to stand up for these essential programs. now, look, american people do want to see cost containment. we can do that in ways that doesn't result in cuts to beneficiaries. >> we'll have to take a break. >>> right now, lot more roundtable ahead. what's ahead for susan rice? mitt romney's team takes on the critics and what really happened when the rivals had lunch. >>> both men acted graciously, after lunch, mitt romney extend a return invitation to the president to visit him and his money at the cayman island. >> it's a nice gesture for the president considering that he hasn't let joe biden have lunch with him even once. that he hasn't let joe biden have lunch with him even once. >>> as you heard, we have lots more to talk about with our roundtable right after this from our abc stations. >> but, the problem with controlling costs you can only do that to some degree. every single year we
the president just won this historic re-election, how can he walk back now after he won re-election from this position? >> you know, i think that he's got the wind at his back. the american people want him to stand up for these essential programs. now, look, american people do want to see cost containment. we can do that in ways that doesn't result in cuts to beneficiaries. >> we'll have to take a break. >>> right now, lot more roundtable ahead. what's ahead for susan rice?...
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Dec 3, 2012
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before we got really wrapped up in the election we were wringing our hands on how the earnings season was not coming out very well. i think when we start paying attention to earnings again it will be a problem. >> coming up next is dell really a buy? our traders will make the call on whether this beaten down tech stock is back from the brink. it could be called the ultimate fiscal cliff trade. find out which investment americans are pouring into. much more straight ahead. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my ca
before we got really wrapped up in the election we were wringing our hands on how the earnings season was not coming out very well. i think when we start paying attention to earnings again it will be a problem. >> coming up next is dell really a buy? our traders will make the call on whether this beaten down tech stock is back from the brink. it could be called the ultimate fiscal cliff trade. find out which investment americans are pouring into. much more straight ahead. if you think...
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Dec 9, 2012
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republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on andis ... >> well, things in the middle east went from bad to worse this week with reports to the syrian military is preparing temp cal weapons that could be used against its own people, it's awaiting final orders from president assad. this as protesters clash with supporters of mohammed morsi outside the presidential palace in cairo egypt. in that country's largest confrontation since the uprising of hosni mubarak. we're back with daniel henninger and editorial board member matt comiskey. so, bret.
republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute,...
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Dec 9, 2012
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there was an election on these issues. there was an election on rates. the president was clear on raising the rate and he won. democrats expanded in the senate. it's not like this is a new debate. >> we talk about how the business community was at odds with the campaign. in terms of preventing a debt ceiling showdown, it may be his ally. >> a former health care adviser to the romney campaign, david k. johnston and joan walsh thanks for joining us. >> understanding the tragedy might be impossible. why dry? after this. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. sxz fi
there was an election on these issues. there was an election on rates. the president was clear on raising the rate and he won. democrats expanded in the senate. it's not like this is a new debate. >> we talk about how the business community was at odds with the campaign. in terms of preventing a debt ceiling showdown, it may be his ally. >> a former health care adviser to the romney campaign, david k. johnston and joan walsh thanks for joining us. >> understanding the tragedy...
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i just frac fragilely frankly t. >> the election was four weeks ago from tonight. it's four weeks from now in the future that we're over the cliff, and i see no movement by the president. the offer that tim geithner brought was an awful one. he just wants a new credit card without a limit. the senate hasn't passed a bucket in almost four years. >> if we hit the debt ceiling at the end of the month, it will go into effect about february because there's some money games we can do to pay our debt until then, to manage to get by. in february when we're totally out of money and all the americans who filed for their tax returns wanting their money, they want their refund and we don't have any cash, we'll see how happy the american people are. >> the american people are right to be very concerned. >> engaged. >> maybe good at campaigning, but he's not very good at leading. >> thank you, senator. >>> coming up, there's very disturbing news tonight out of egypt. we'll have the latest and ambassador john bolton is here. they say no good deed goes unpunished. one worker learn
i just frac fragilely frankly t. >> the election was four weeks ago from tonight. it's four weeks from now in the future that we're over the cliff, and i see no movement by the president. the offer that tim geithner brought was an awful one. he just wants a new credit card without a limit. the senate hasn't passed a bucket in almost four years. >> if we hit the debt ceiling at the end of the month, it will go into effect about february because there's some money games we can do to...
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Dec 6, 2012
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that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a lot of republicans who might prefer a different leader don't feel they have the luxury of that right now. in fact, even congressman kantor and others, who boehner didn't think he could count on the last time around, are being supportive. republicans are trying to calculate how much they have to give in now and is there a way to fall back with the idea of being able to move ahead in a more aggressive way next year. that's why you saw the president in a very preemptive way trying to rule out the idea of tying talks to next february to raising the debt ceiling. >> alan simpson, the co-chair of the president's deficit commission, was on the "today" show this morning and he said all this talk about either side being able to go off the cliff is ridiculous. let me play that for you. >> when you have leaders of parties and people from
that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a lot of republicans who might prefer a different leader don't feel they have the luxury of that right now. in fact, even congressman kantor and others, who boehner didn't think he could count on the last time around, are...
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Dec 3, 2012
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of course, if you look at a lot of the polling surrounding the election and post election exit polling show that, in fact, president obama was elected primarily because people felt that he was compassionate, that he cares about them. and that's an important quality. but, in fact, they endorsed the fiscal approach that governor romney suggested, which was that we need to grow. we need to have a tax policy that makes sense. we need to tackle -- >> polling also shows that people think the richest americans should pay more taxes. clearly. there's no doubt at all on that. so let's go back to secretary gutierrez. what is the -- what is the give? what are republicans putting on the table in terms of specifics? because the democrats charge republicans haven't really -- you know, that they've laid out something. maybe the republicans hate it. but now republicans have to lay out something. what are republicans specifically willing to cut? >> i think that speaker boehner went a long way by saying we are going to put revenues on the table. and, soledad, the obama administration very cleverly has m
of course, if you look at a lot of the polling surrounding the election and post election exit polling show that, in fact, president obama was elected primarily because people felt that he was compassionate, that he cares about them. and that's an important quality. but, in fact, they endorsed the fiscal approach that governor romney suggested, which was that we need to grow. we need to have a tax policy that makes sense. we need to tackle -- >> polling also shows that people think the...
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also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vot
also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in...
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the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody else breathes a sigh of relief. there's some $2 trillion in cash sitting on the balance sheets of corporate americ
the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall...
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but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power playç of all in obama care cam at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't under
but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads...
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the election just matters in profound ways, look at salt lake city, the mormon church after the election said, well, maybe we're going to change our position on home sexuality is a choice you're not born that way. it reverberates all of the way through society. i can't believe that they took this up. the fact that they took it up, it believes they're going to uphold some of these. >> mary, not just the election, the trend has been pretty clear over the last dozen years. i want to show this pew poll back in 2001, 57% of the country opposed gay marriage, only 35% were for. this year the lines have crossed. 48% approaching. going above 50%. support gay marriage in the country. >> well, because americans have common sense. important constitutional, ideology call questions. people living in the real world, the greatest threat are the hetero sexuals who don't get married and create babies. that's more problematic for our culture than home sexuals getting married. in real life, looking down 30 years from now, real people understand the consequences of so many babies being born out of wedlo wedl
the election just matters in profound ways, look at salt lake city, the mormon church after the election said, well, maybe we're going to change our position on home sexuality is a choice you're not born that way. it reverberates all of the way through society. i can't believe that they took this up. the fact that they took it up, it believes they're going to uphold some of these. >> mary, not just the election, the trend has been pretty clear over the last dozen years. i want to show...
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in two years there's going to be a mid-term election. no politician on either side wants to stand in front of their constituents and say vote for me because i raised your taxes and didn't do anything in washington for two years. >> l.z. granderson, will cain, got to leave it there. thanks so much. >> you bet. >>> wherever she goes, kim kardashian sadly draws a crowd. but an overseas trip for the reality tv star involving a simple thing like milkshakes might be drawing more than just fans. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ]
in two years there's going to be a mid-term election. no politician on either side wants to stand in front of their constituents and say vote for me because i raised your taxes and didn't do anything in washington for two years. >> l.z. granderson, will cain, got to leave it there. thanks so much. >> you bet. >>> wherever she goes, kim kardashian sadly draws a crowd. but an overseas trip for the reality tv star involving a simple thing like milkshakes might be drawing more...
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obama won the election because obama promised american voters gifts and free things. he got a lost flak from democrats and republicans. look, this is exactly what mitt romney was talking about. here is someone saying, wait, i voted for you, obama, now give me the free stuff. this is exactly what mitt romney was talking about. >>eric: president obama ran the last campaign on things are getting better. give me for more years we are almost there. a very good indication of things are really getting better in the economy is food stamp use. food stamps are up to a record level. november showed 46 million people on food stamps. if things are getting better, how does that keep going up? >>guest: exactly. if you remember back during the campaign, obama was going around bragging saying, i saved detroit with the bailout. really? you saved detroit? is that why detroit is coming begging right now for money? it is insane. he is completely out of touch and he doesn't realize what this economy is like right now for every day folks. >>eric: thank you, michelle. >> there is supposed to
obama won the election because obama promised american voters gifts and free things. he got a lost flak from democrats and republicans. look, this is exactly what mitt romney was talking about. here is someone saying, wait, i voted for you, obama, now give me the free stuff. this is exactly what mitt romney was talking about. >>eric: president obama ran the last campaign on things are getting better. give me for more years we are almost there. a very good indication of things are really...
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there is no question about the legitimacy of his election. but he definitely does not have half of the population behind him. >> he certainly doesn't have a mandate is what you are saying. lauren thank you for reporting for fox news latino . thank you, we appreciate it. for much more on mexico's new president and issues south of the border that affect our nation go to fox latino.com. parts of the west coast are bracing in the middle of a multiday soaking courtesy of a strange weather patsern. the radar shows it here and it is it a long system. rain falling over northern california for the most part, forecasters say some areas could get soaked for day to come and dozens of inches falling. wow . it is it because of what they call an atmospheric river of jet stream ofure in the pacific office carrying wave after wave of storms on the west coast. donna is live in cloudy california. dominic? >> the latest in the freaky stream of rains should dump twice as much as the last storm that came through here if not the two combined. it will start in the e
there is no question about the legitimacy of his election. but he definitely does not have half of the population behind him. >> he certainly doesn't have a mandate is what you are saying. lauren thank you for reporting for fox news latino . thank you, we appreciate it. for much more on mexico's new president and issues south of the border that affect our nation go to fox latino.com. parts of the west coast are bracing in the middle of a multiday soaking courtesy of a strange weather...
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. >>> i think they won the election. they must have forgotten that republicans continue to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground, and we need to find it quickly. >> good morning. it's monday, december the 3rd here in new york city. the christmas tree all lit up. with us on set, msnbc contributor mike barnicle, pulitzer prize-winnering historian jon meacham, author of "thomas jefferson." "fortune's" assistant managing editor leigh gallagher and political analyst, former chairman of the rnc, michael steele. and i'm willie geist. joe and mika have the day off today. there's so much to talk about, but we do have to begin with the ties, if we could. it's not just mike. mike's getting all the focus here this morning, and that is inexcusable. >> could i just say, in the words of speaker john boehner, we need to find common ground here, and we need to do it quick. >> there ain't going to be any between these two ties, my
. >>> i think they won the election. they must have forgotten that republicans continue to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground, and we need to find it quickly. >> good morning. it's monday, december the 3rd here in new york city. the christmas tree all lit up. with us on set, msnbc contributor mike barnicle, pulitzer prize-winnering historian jon meacham, author of...
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>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >> no, i do not agree with going off the cliff. we should come to something, some type of an agreement here. but the wealthy should pay their fair share. i do believe in that. >> mayor hall, your town relies on federal funds to keep your water drinkable at the local treatment plant. so how would going off the cliff affect your city budget? >> well, you know, any time that you're dealing with funds that the tax payers money is involve in, you've got to look at the checks and balances and if they cut spending, there is a possibility that that will be cut and our resources will go down the drain liter
>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >>...
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is this another impact of the election? another consequence of the election? >> yeah, i'd love to know what his republican colleagues are saying behind closed doors. from my perch, you know, this is a guy who played a significant role in costing the gop about a half-dozen seats that they otherwise would have won. look at what happened in i understand. look at what happened in delaware where the mindset of senator demint seems to be one of, let's win the battle, even if we're going to lose the war. they've lost about a half-dozen wars because they put forth names that could win a primary but could never win a general election. my hunch, tamron, is politically some of the republicans are not all that sad to see him go. >> real quick to your point about the win/lose. he supported 20 candidates, 15 won primaries, 7 won general elections. in his reaction mitch mcconnell said that demint helped galvanize the american people against a big government agenda. that's at least what senator mcconnell sees there. >> yeah, right. the fact is his record was not good, and loo
is this another impact of the election? another consequence of the election? >> yeah, i'd love to know what his republican colleagues are saying behind closed doors. from my perch, you know, this is a guy who played a significant role in costing the gop about a half-dozen seats that they otherwise would have won. look at what happened in i understand. look at what happened in delaware where the mindset of senator demint seems to be one of, let's win the battle, even if we're going to lose...
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if you look back at the 2004 election, there was lots of debate about whether or not bush's re-election could be pinned on the fact that in many of these states, there were referendum on the ballot about things such as same sex marriage, that the social issues were being dredged up as sort of positive for the republicans. fast forward to this election and as we discussed on the show before, you have gay marriage, you have marijuana, you have these issues on which republicans, you know, not necessarily where the voters were this time around in many of these states that literally in just the last ten years alone, public opinion has shifted a lot. though it's important to remember that i don't think of this as as much of a partisan issue as it is generational. remember, it was just a few months ago that president obama was evolving on his position and you had dick cheney who was kind of to the left of him on gay marriage. so i don't view this as much as a partisan issue. i view this as generational and something that both parties, particularly the republican party, though, will be addressi
if you look back at the 2004 election, there was lots of debate about whether or not bush's re-election could be pinned on the fact that in many of these states, there were referendum on the ballot about things such as same sex marriage, that the social issues were being dredged up as sort of positive for the republicans. fast forward to this election and as we discussed on the show before, you have gay marriage, you have marijuana, you have these issues on which republicans, you know, not...
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it would coincide with south korea's presidential elections. take a look at the latest satellite photo of the launch site. south korean news agencies reporting the first stage of the rocket has been put in place. martha: we've been watching the aerial videos over the course of the last week to see changes and movement in them. greg palkot joins me live from london. greg, what do we know about this? >> reporter: north korea confirming over the weekend what we told you about on friday it is set to lawn of another rocket in the coming days. according to south korean military sources now that the first stage is set up northwest of pongyang another two stages could be assembled and fueling taken care of in three to four days for a launch window ready to set up on december 10th. north korea says it is for peaceful purposes. they want to put up a satellite. they worry it could be a the launch of missile with a long range payload. they tried this in april. we were there. they failed. the path. rocket this time is supposed to be about the same. it will
it would coincide with south korea's presidential elections. take a look at the latest satellite photo of the launch site. south korean news agencies reporting the first stage of the rocket has been put in place. martha: we've been watching the aerial videos over the course of the last week to see changes and movement in them. greg palkot joins me live from london. greg, what do we know about this? >> reporter: north korea confirming over the weekend what we told you about on friday it is...
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. >>> the word "election" was the number one search on yahoo! this year, but don't worry because kim kardashian was still the most searched person, just in case you were. >>> and president obama and former president clinton were part of a golfing foursome sunday but no cameras were allowed. these pictures are from when they played last year. it's believed to be the president's third time hitting the links since the election. >>> finally, birther tate tried to force occidental college to release president obama's student records. the judge said no, told her, quote, evidence is not stuff printed from the internet and ordered her to pay the college $4,000 for its trouble. >>> and that is your morning dish of "scrambled politics." >>> and now for a check on wall street this monday morning. the dow opens this week at 13,025 after gaining 3 points friday. the s&p was up a fraction. the nasdaq lost 1. overseas, the nikkei added 12, and the hang seng dropped 262. >>> investors and traders keep tabs on statement out of this week's fiscal cliff talks, the
. >>> the word "election" was the number one search on yahoo! this year, but don't worry because kim kardashian was still the most searched person, just in case you were. >>> and president obama and former president clinton were part of a golfing foursome sunday but no cameras were allowed. these pictures are from when they played last year. it's believed to be the president's third time hitting the links since the election. >>> finally, birther tate tried...
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. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of president obama's likely pick to follow tim geithner at treasury. we talked about how buffett threw out jamie dimon's name. here is what moynihan thinks about that idea. >> i won't give individual names, but i think what warren is expressing a view which i agree with is that we need to have very bright, very talented and very broad experienced people help pus
. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in...
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but blacks -- let's see. 95% of african-americans voted for president obama in this last election. what do you make of that? what does that tell you? >> well, the first thing we have to start looking at is what it's going to take for us to get the respect of both parties, and that comes down to us being a people that are principled over anything else. we have 95% of any race that would vote for a person or party, it kind of helps them to be taken for granted. at this point, what does the democratic party have to do to win our vote? actually, just be around. so it's time for us as a people to start putting our principles first. i think we should be ashamed of ourselves in certain areas, those who decided that the education is so important to them, they have a passion for it. why would you vote for a person who decides the union is much more important for them. >> in other words, school choice. i'm going to read from the notes. you tell me if i'm wrong. but this is tough stuff. you say in your notes, obama is the most aggressive anti-black policymaker in modern history. that's tough
but blacks -- let's see. 95% of african-americans voted for president obama in this last election. what do you make of that? what does that tell you? >> well, the first thing we have to start looking at is what it's going to take for us to get the respect of both parties, and that comes down to us being a people that are principled over anything else. we have 95% of any race that would vote for a person or party, it kind of helps them to be taken for granted. at this point, what does the...